CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June:

Percentage Completed

Units MaterialsConversion

Work in process, beginning 26,000 80% 30%

Started into production 564,000

Completed and transferred out 538,000

Work in process, ending 52,000 60% 20%

MaterialsConversion

Work in process, beginning$16,000 $21,500

Cost added during June$364,000 $152,000

Required:

Assume that the company uses the FIFO method.

1. Determine the equivalent units for June for the first process.

2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.)

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round intermediate calculations to 3 decimal places.)

4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period. (Round intermediate calculations to 3 decimal places.)